Development of the month: Vela by Omniyat
The latest entry in our development of the month series is Vela by Omniyat. The 150-metre-tall tower will have 38 residences including penthouses, three and four-bed properties and the exclusive Sky Tower. If in the future, you are planning to invest in a family home that provides regal luxury, Vela by Omniyat in Business Bay could be an excellent choice.
ABOUT VELA BY OMNIYAT
Dubai’s real estate industry is a significant contributor to the economy with major regional and global players all competing. Therefore, to stand out amongst the various options available, something extra and special is certainly necessary.
Located in Marasi Bay, Vela’s residences will offer something unique and different. The indoor-outdoor spaces will certainly appeal to the young and the old. The floor-to-ceiling windows will allow the passage of light. Plus, the L-corner pools will have the Burj Khalifa in the background. Wouldn’t that be a sight?
The globally known architectural consultant Foster + Partners has been working on the project. The company is known for its contribution to developing Apple’s California headquarters, London’s ‘Gherkin’ tower and France’s dramatic Millau Viaduct. So, one can expect the very best. Omniyat has also signed a management deal with the hospitality group Dorchester Collection which will ensure that residents will enjoy hotel like amenities.
Vela by Omniyat location is one of its USPs. Living here, one would have easy access to world-class restaurants, malls and entertainment centres in Downtown Dubai. The tranquillity of Marasi Bay combined with the vibrancy of the Business Bay.
PROPERTIES IN VELA OMNIYAT
As mentioned, Vela by Omniyat will have 38 residences, including three penthouses and a Sky Palace. In terms of covered area, the size ranges from 4,253 sq. ft. to 11,727 sq. ft., whereas the layout choices are 3 to 5-bed units. Parisian interior designer duo, Gilles and Boissier, who have delivered incredible projects across the world, will be working on the interiors. So, you can expect elegance and splendour.
Among the residences, the expansive is the feature that many could find appealing. As the weather cools down, you can sit outdoors and enjoy the view of the Dubai Water Canal and the stunning blue skies.
The three penthouses will be like elegant sanctuaries. The double-height ceiling, stunning private pools and the marina make it really stand out. If you fancy living like a king, then the three-storey 22,992 sq. ft. ‘Sky Palace’ would be fit for purpose. It is set to have 5 bedrooms and the residents will have access to two swimming pools and a private gym and majlis.
The starting cost of a property in Vela by Omniyat is AED 18.5M.
COVERED AREA
Here’s a look at the covered areas of properties at Vela by Omniyat.
- Sky Palace: 22,992 sq. ft.
- Penthouses: 11,048 sq. ft. to 11,727 sq. ft.
- Sky Residences
- 3-bedroom: 6,302 sq. ft.
- 4-bedroom: 8,462 sq. ft.
- Marina Residences
- 3-bedroom: 4,353 sq. ft. to 6,361 sq. ft.
- 4-bedroom: 7,262 sq. ft. to 7,374 sq. ft.
VELA BY OMNIYAT AMENITIES
In terms of Vela by Omniyat amenities, here is what you can expect.
- Beauty salon
- Children’s play areas
- Cinema room
- Concierge
- Lounge facilities
- Gym
- House-keeping
- Lap pool
- Meeting rooms
- Spa areas
- Sundeck
- Valet parking services
- World-class dining facilities
Residents of Vela by Omniyat will also have access to the facilities available at The Lana Hotel and One at Palm Jumeirah.
VELA PAYMENT PLAN
The Vela payment plan is as follows:
- 60% during construction
- 40% upon completion.
ABOUT OMNIYAT
Launched in 2005, Omniyat has built a reputation as one of the leading real estate developers in the UAE. With presence across the Gulf region, the most well known project is the Opus designed by the globally famous Zaha Hadid. Here is a detailed look at the different projects by Omniyat.
FAQS ABOUT VELA BY OMNIYAT
WHAT IS THE COMPLETION DATE OF THE PROJECT?
The Vela by Omniyat completion date is scheduled for the fourth quarter of 2027.
WHICH ARE SOME OF THE TOP OFF-PLAN PROPERTIES IN DUBAI?
In search of investment opportunities? Here’s a look at some top off-plan properties in Dubai.
That concludes our look at this magnificent new development, Vela by Omniyat. The prior work of all the direct stakeholders involved affirms that this will be one of the most in-demand projects in the near future. If you are interested in acquiring a property soon, the time might be right to start your due diligence process.
